Pioneer Natural Resources (NYSE:PXD) Shares Sold by Simmons Bank

Simmons Bank cut its stake in shares of Pioneer Natural Resources (NYSE:PXD) by 18.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,338 shares of the oil and gas development company’s stock after selling 293 shares during the period. Simmons Bank’s holdings in Pioneer Natural Resources were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Hartford Financial Management Inc. raised its holdings in Pioneer Natural Resources by 61.1% during the fourth quarter. Hartford Financial Management Inc. now owns 116 shares of the oil and gas development company’s stock worth $26,000 after purchasing an additional 44 shares in the last quarter. BluePath Capital Management LLC acquired a new stake in shares of Pioneer Natural Resources in the 3rd quarter valued at approximately $29,000. Carmel Capital Partners LLC purchased a new stake in shares of Pioneer Natural Resources in the third quarter valued at approximately $34,000. Jones Financial Companies Lllp grew its holdings in Pioneer Natural Resources by 85.0% during the third quarter. Jones Financial Companies Lllp now owns 148 shares of the oil and gas development company’s stock worth $34,000 after acquiring an additional 68 shares during the period. Finally, OLD Second National Bank of Aurora purchased a new position in Pioneer Natural Resources in the fourth quarter worth $34,000. Institutional investors and hedge funds own 80.57% of the company’s stock.

Insider Activity

In related news, Director J Kenneth Thompson sold 1,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the completion of the sale, the director now owns 16,070 shares of the company’s stock, valued at approximately $4,017,500. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Christopher L. Washburn sold 1,416 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $260.95, for a total value of $369,505.20. Following the completion of the sale, the chief accounting officer now owns 4,990 shares in the company, valued at $1,302,140.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director J Kenneth Thompson sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $250.00, for a total value of $250,000.00. Following the completion of the transaction, the director now owns 16,070 shares of the company’s stock, valued at approximately $4,017,500. The disclosure for this sale can be found here. Insiders sold 36,766 shares of company stock valued at $9,067,373 in the last ninety days. Company insiders own 0.55% of the company’s stock.

Pioneer Natural Resources Stock Performance

Pioneer Natural Resources stock remained flat at $269.62 during trading on Wednesday. The business’s 50 day simple moving average is $260.37 and its two-hundred day simple moving average is $240.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.76 and a current ratio of 0.90. Pioneer Natural Resources has a fifty-two week low of $196.74 and a fifty-two week high of $278.83. The company has a market cap of $63.00 billion, a PE ratio of 13.32 and a beta of 1.28.

Pioneer Natural Resources (NYSE:PXD) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas development company reported $5.28 earnings per share for the quarter, missing the consensus estimate of $5.41 by ($0.13). Pioneer Natural Resources had a return on equity of 21.21% and a net margin of 24.28%. The company had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the previous year, the company earned $5.91 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Pioneer Natural Resources will post 22.07 earnings per share for the current year.

Pioneer Natural Resources Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were issued a $2.56 dividend. The ex-dividend date was Friday, March 1st. This represents a $10.24 dividend on an annualized basis and a dividend yield of 3.80%. Pioneer Natural Resources’s dividend payout ratio (DPR) is presently 24.70%.

Wall Street Analysts Forecast Growth

PXD has been the topic of several research analyst reports. Mizuho boosted their target price on shares of Pioneer Natural Resources from $276.00 to $290.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. Scotiabank raised their price objective on Pioneer Natural Resources from $230.00 to $282.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Stifel Nicolaus boosted their target price on Pioneer Natural Resources from $237.00 to $275.00 and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. StockNews.com began coverage on Pioneer Natural Resources in a research report on Tuesday. They issued a “hold” rating for the company. Finally, Susquehanna boosted their price objective on shares of Pioneer Natural Resources from $246.00 to $278.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $264.10.

Pioneer Natural Resources Profile

Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas.